Mutual of America Capital Management LLC Sells 3,622 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Mutual of America Capital Management LLC lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.4% in the fourth quarter, Holdings Channel reports. The firm owned 79,306 shares of the information technology services provider’s stock after selling 3,622 shares during the period. Mutual of America Capital Management LLC’s holdings in Fidelity National Information Services were worth $4,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of FIS. GHP Investment Advisors Inc. lifted its position in shares of Fidelity National Information Services by 2.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 22,101 shares of the information technology services provider’s stock valued at $1,328,000 after buying an additional 509 shares during the last quarter. Kendall Capital Management lifted its position in shares of Fidelity National Information Services by 27.4% during the 4th quarter. Kendall Capital Management now owns 10,830 shares of the information technology services provider’s stock valued at $651,000 after buying an additional 2,330 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at $1,244,000. Inlet Private Wealth LLC lifted its position in shares of Fidelity National Information Services by 24.3% during the 4th quarter. Inlet Private Wealth LLC now owns 90,650 shares of the information technology services provider’s stock valued at $5,445,000 after buying an additional 17,700 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at $2,461,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $70.72 on Tuesday. The firm has a market capitalization of $40.77 billion, a P/E ratio of -6.29, a P/E/G ratio of 0.90 and a beta of 0.97. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68. The stock’s 50-day simple moving average is $68.52 and its two-hundred day simple moving average is $60.94. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. Fidelity National Information Services’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.71 earnings per share. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has initiated a stock repurchase program on Monday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.44 annualized dividend and a dividend yield of 2.04%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Insider Activity

In other news, Director Ellen R. Alemany acquired 735 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 17th. The shares were purchased at an average cost of $60.32 per share, for a total transaction of $44,335.20. Following the transaction, the director now owns 35,333 shares of the company’s stock, valued at $2,131,286.56. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. BNP Paribas cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a report on Thursday, April 11th. The Goldman Sachs Group began coverage on Fidelity National Information Services in a report on Thursday, February 29th. They set a “buy” rating and a $84.00 price objective on the stock. Truist Financial increased their price objective on Fidelity National Information Services from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, February 27th. Finally, Evercore ISI increased their price objective on Fidelity National Information Services from $58.00 to $62.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $70.81.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.